Outsourcing and industrial decline

Article Abstract:

Widespread outsourcing greatly contributes to economic and industrial decline. Many companies subcontract a significant portion of their manufacturing needs to foreign corporations to cutcosts and be more competitive. Such practices leave Western companies without the skills and competence needed to survive. This has led to lost market share to foreign businesses. However, business experts say that outsourcing, if used properly, could lead to prosperity. Only areas far removed from the core competences of companies should be outsourced. The savings derived from this practice can then be used to finance research in areas more central to core competences.

Economic aspects

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Strategic sourcing - a progressive approach to the make-or-buy decision

Article Abstract:

A new framework, known as the Strategic Sourcing Model (SSM), has been developed to help managers decide whether to use foreign suppliers or not. Many companies outsource a majority of their manufacturing needs to cut production costs. Suchdecisions are based mainly on financial considerations while strategic or technological aspects are often overlooked. This has led to a situation where former suppliers, having acquired enough technology, become competitive threats. The SSM was developed to avoid such occurences and help managers in their outsourcing decision based on the overall picture.

Models, Make-or-buy decisions, Make or buy decisions

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The seven deadly sins of outsourcing

Article Abstract:

Seven reasons for outsourcing failure are given including vendor selection errors and pricing errors.

United States, Europe, Evaluation

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